Hillhouse-backed China pet services business seeks US listing
New Ruipeng Pet Group, a China-based pet care services platform that counts Hillhouse Capital as a significant shareholder, has filed for an IPO in the US.
The company claims to be the country’s largest pet care platform – and the second largest globally – by number of hospitals and revenue in 2020 and 2021. As of September 2022, it had 1,942 hospitals...
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